Because Coincheck isn't even a top 10 exchange and $500 million isn't that much money in today's cryptomarket anymore. Plus, I think there's some "fatigue" with

Because Coincheck isn't even a top 10 exchange and $500 million isn't that much money in today's cryptomarket anymore. Plus, I think there's some "fatigue" with negative crypto news from the past few weeks, and most people expect cryptocurrencies to start a bull-run soon. So they just shrug this off. If this would have happened after a month of two of a bull run, then yeah, I could see some panic selling and a significant price correction then.